SSP Group (LON:SSPG) Insider Geert Verellen Acquires 41,006 Shares

SSP Group plc (LON:SSPG) insider Geert Verellen purchased 41,006 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average price of GBX 181 per share, for a total transaction of £74,220.86.

SSP Group Trading Down 0.1%

LON:SSPG opened at GBX 181.70 on Friday. SSP Group plc has a 1 year low of GBX 134.10 and a 1 year high of GBX 191.80. The stock has a market cap of £1.44 billion, a P/E ratio of -60.57, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The stock has a 50-day simple moving average of GBX 157.08 and a 200-day simple moving average of GBX 163.

SSP Group (LON:SSPG) last issued its earnings results on Thursday, December 4th. The company reported GBX 11 earnings per share for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. As a group, analysts anticipate that SSP Group plc will post 13.1004016 earnings per share for the current fiscal year.

SSP Group announced that its board has authorized a share repurchase program on Thursday, October 9th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

SSPG has been the subject of several recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 275 price objective on shares of SSP Group in a research report on Friday, October 10th. Citigroup reissued a “buy” rating and issued a GBX 310 price target (down from GBX 330) on shares of SSP Group in a research report on Monday, October 13th. Shore Capital restated a “house stock” rating on shares of SSP Group in a research note on Thursday, December 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 price objective on shares of SSP Group in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. reduced their target price on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a report on Friday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 229.50.

About SSP Group

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.